herald

Friday 17 August 2018

Swords most in-demand as north Dublin booms

In north county Dublin, the queues for new homes in the Millers Glen estate highlights that Swords is the most in-demand location in the area, attracting the most buyers over the summer period.

According to data provided by Daft.ie, 575 people made enquiries about homes in Swords from July to September 10. Out of the whole of north county Dublin, Swords attracted the most interest by almost double.

Here, 575 buyers were battling it out over 130 properties which meant that four parties were bidding on each home. Supply is strongest in Swords, but so is demand.

Millers Glen launched 53 brand new homes here on September 6, after seven different people slept out over four nights to secure a property there.

ROOM

Ronan O'Driscoll of Sherry Fitzgerald, who headed up the sales of Millers Glen, said there is room for many more houses on this site.

Although 66 homes were sold in Swords over the summer, a further 45 in the newly-built estate went sale agreed a day after the show houses opened.

There are now approximately 94 properties for sale in Swords.

Balbriggan was the second hottest spot for property interest but is well behind Swords. Balbriggan had 282 prospective buyers looking for homes there. Of the 282 buyers swarming around Balbriggan, only 25 became home owners this summer according to the Property Price Register.

Those 282 interested buyers were bidding on 73 properties meaning that there were four bidders to every house. Right now in Balbriggan there are around 67 homes on sale.

Third in line in terms of demand is the village of Malahide with 225 people making enquiries about homes for sale here over the summer months.

While this seaside suburb is awash with two-bed apartments, families still want to settle here.

It is understood that a new development of 75 three and four-bedroom homes will be coming on the market in Malahide shortly.

The 225 interested buyers made queries about 75 properties and this meant that three people were bidding per home. Although demand appeared higher in Balbriggan, more homes sold in Malahide with 56 homes bought from July to September.

There are now approximately 89 houses for sale here. At the lower end of the scale there were many areas where people had no interest buying.

The lush area around the farmland of Ballyboughal attracted only five prospective buyers this summer. And those people were only enquiring about two properties. Portrane was another low-demand area with just six parties making queries there.

However, even though demand appears low, these six buyers battled it over the one house. Therefore, even though demand was its lowest here, the competition was the most fierce. The Naul was also low in the demand stakes as just 14 queries came in for homes.

These buyers were bidding on five properties. Mid-level interest was seen in traditionally strong areas like Rush and Lusk, with Kinsealy also spiking buyers' interest.

Rush saw 187 people make queries about it and that was over 46 homes. And in Lusk 151 parties enquired about 44 properties. In Kinsealy, 98 sales queries came in for 19 homes.

A property source told the Herald that 200 new houses will come on the market in Dublin this spring with a large portion of them in Kinsealy.

hnews@herald.ie

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